Xos Reports Third Consecutive Quarter of Positive Operating and Free Cash Flow, Reduces Expenses and Losses.

Xos, a leading energy storage and fleet electrification solutions provider, reported its third consecutive quarter of positive operating cash flow and free cash flow, with $14.0 million in cash, up 28% YoY. The company reduced full-year operating expenses by $14.0 million (28.2% YoY) and cut full-year EBITDA loss by more than half to $21.0 million. Xos delivered first production powertrains for Blue Bird school buses and achieved positive net cash provided by operating activities and positive free cash flow of $2.4 million in Q4.